By Dr. Kylle' D. McKinney
Your summer job might be ending soon. You might even hold a part time job while you’re in school. You can easily jump to the head of the class and secure your future with a few simple steps. As a young worker, you’re in the best position for planning, investing, and saving for your retirement, growing that nest egg as large as it can be. The sooner you start, the more money you’ll have.
There are two easy ways to get started in preparing for retirement:
Open a free online my Social Security account with Social Security. Having a personal and secure account is easy, but better yet, it empowers you. You can access the services you need in the convenience of your own home or on the go without traveling to a Social Security office. To open or access your account, go to www.socialsecurity.gov/
Many of our resources are available online and my Social Security is one of the best places to access vital information about your retirement. We are constantly adding new features to make your experience with us faster and more convenient. You can even replace your lost or misplaced Social Security card online in certain areas.
You could also start a myRA account. myRA is designed for people who don’t have a retirement savings plan through their employer, or are limited from other savings options. Check it out at www.myra.gov. If your employer provides a retirement savings plan, such as a 401(k), learn more about that plan’s potential matching contributions or other benefits. It’s never too early, and the more you save now, the more you’ll have later.
Did you know that a 20-year-old has a 1-in-4 chance of becoming disabled before reaching full retirement age? Social Security will be there for you if you become disabled and cannot work. Accessing your online account can also help you determine your estimated future disability benefits. To learn more about disability and to apply, go towww.socialsecurity.gov/
The earlier you start preparing for the future, the more comfortable that future will be. Like a good friend, Social Security has your back when it comes to retirement planning or in the unfortunate event of disability. Learn more at www.socialsecurity.gov.
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